USD/JPY LONG
USD/JPY has been moving in tandem with the DXY. USD/JPY is especially sensitive when the DXY goes long. The area highlighted in ORANGE is PROFIT POTENTIAL based on the MONTHLY chart. The areas highlighted in RED are SUPPLY ZONES based on the WEEKLY chart. I take profits just before supply and manage my trades when price is in supply. I am entering USD/JPY long TODAY although it is currently in a WEEKLY supply zone. The reason being price has just reacted to MONTHLY DEMAND. On the DAILY time frame price has given confirmation of the start of the long with a BLUE-RED-BLUE Color Change to the upside.
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